Vice President Dick Cheney and Mrs. Cheney announced today that they
have filed their federal income tax return for 2001 today.

The income tax return shows that for 2001, the Cheneys owe federal
taxes of $1,720,271 on a taxable income of $4,308,142. $1,740,798 had
been previously withheld or otherwise paid, and the Cheneys elected to
apply the resulting overpayment to their 2002 estimated tax payments.

Included in the wage and salary income reported on the tax return
is the Vice President's $174,475 government salary and $1,598,977 in
bonus or deferred compensation earned by Mr. Cheney from Halliburton
Company where Mr. Cheney served as chief executive officer until he
resigned on August 16, 2000. As previously reported in Halliburton's
2001 proxy statement, in the Vice President's filings with the Office
of Government Ethics, and in the press release accompanying the
Cheneys? 2000 tax return, in January 2001 Mr. Cheney received from
Halliburton a cash bonus of $1,451,398 based on calendar year 2000
results. An additional $1,184,597 in income resulted from the exercise
of stock options and receipt of deferred compensation in January, 2001
as Mr. Cheney disposed of holdings and terminated relationships with
companies on whose boards of directors he had served before becoming
Vice President. Likewise, in January 2001 Mrs. Cheney received lump
sum payments of deferred compensation from several companies from whose
boards she has resigned.

Mrs. Cheney reported wage and salary income from her continuing
work at the American Enterprise Institute, as well as compensation from
Reader's Digest and American Express Mutual Funds (Board Services
Corporation) on whose boards of directors she serves. Mrs. Cheney also
received $50,000 from Simon and Schuster as an advance on royalties
from her upcoming book, America: A Patriotic Primer. This amount was
donated to the American Red Cross. The total donated to charitable
organizations by the Cheneys in 2001 was $79,275.

The Vice President and Mrs. Cheney reported $136,446 in short-term
capital gains, which were off-set by short-term capital losses that
were carried over from previous tax years. The Cheneys also reported
$929,010 in long-term capital gains, including $310,839 from the sale
of a residence in McLean, Virginia. The majority of the transactions
that resulted in both the short-term and long-term gains and losses
occurred before January 20, 2001.